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FibnFork
1. Jan. 2018 20:49

Inverse H&S + candlestick patterns Long

Bitcoin / United States DollarCoinbase

Beschreibung

Along with my previous analysis 4H chart is setting up an inverse head & shoulders (albeit not a perfect one). Break of the neckline could coincide with the break of the RSI trend.
Some bullish doji/hammer patterns
If the daily candlestick too turns into a hammer pattern will be a strong bullish signal.
RSI still capping short term advances

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RSI broken thru along with neckline.
Next semi resistance at red rectangle (some fib retracements + channel mid way point)

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Resistance found and triangle made around a confluence of fib levels :
.5 retrace of 17-22 decline
.236 retrace of 22-27 incline
.764 & .618 retrace of 27-30 decline
1.272 extension also found around this level

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Mid point of medium term channel too acting as resistance ^
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tigerpause
I'm onboard with your analysis - i'm currently long to 17k
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